Get Out Of Debt
Find answers to common questions about our events in the FAQ section for quick info and details.
A Better Gift
Get Out Of Debt
Create a Budget
Track your income and expenses to identify areas where you can cut back.
Allocate extra funds toward paying down debt.
Use the Snowball or Avalanche Method
Snowball Method: Pay off smaller debts first to build momentum.
Avalanche Method: Focus on paying off debts with the highest interest rates to save money in the long run.
Consolidate Your Debt
Combine multiple debts into one with a lower interest rate for easier management.
Increase Your Income
Take on a part-time job, freelance work, or monetize a hobby to generate extra cash.
Sell Unused Items
Declutter your home and sell items online or at a garage sale to raise funds for debt payments.
Seek Professional Advice
Consult a financial advisor or credit counselor for tailored debt management strategies.
Use A Better Gift
Ask friends and family for meaningful contributions toward your debt instead of traditional gifts.
Debt Accumulation
The average American household carries over $6,000 in credit card debt.
Impact of Interest Rates
High-interest rates can double the cost of what you owe over time if minimum payments are made.
Debt and Mental Health
Financial stress caused by debt can lead to anxiety and depression.
The Importance of Paying More Than the Minimum
Paying just the minimum on credit cards can result in years of repayments and significantly higher costs.
Debt-Free Living
Becoming debt-free often leads to better financial stability, increased savings, and peace of mind.
Prioritize High-Interest Debt
Focus on eliminating credit cards or loans with the highest interest rates first.
Automate Payments
Set up automatic payments to avoid missed deadlines and late fees.
Cut Unnecessary Expenses
Reduce spending on non-essential items like dining out or subscriptions.
Negotiate with Creditors
Contact creditors to request lower interest rates or set up a payment plan.
Avoid Accumulating New Debt
Use cash or debit cards instead of credit to prevent further borrowing.
Use Windfalls Wisely
Direct bonuses, tax refunds, or gifts toward your debt repayment.
Leverage A Better Gift
Ask for contributions toward your debt during birthdays, holidays, or other occasions instead of material gifts.
Personalized Debt Requests
Create specific requests for help with high-interest credit cards, medical bills, or other debts.
Replace Traditional Gifts
Shift the focus from receiving physical gifts to receiving financial support.
Ease of Sharing
Use the app\u2019s built-in tools to share your financial needs with friends and family via email or social media.
Achieve Debt-Free Milestones
Celebrate paying off a credit card or loan with the help of loved ones\u2019 contributions.
Support for Emergencies
If unexpected bills or job loss occurs, create a targeted request to address those immediate needs.
Recurring Contributions
Set up recurring support from close friends or family to help with ongoing payments like student loans.
Transparent Communication
Use the platform to keep contributors updated on your progress, building trust and encouraging further support.
Q: Is it okay to ask for help with my debt?
A: Yes! A Better Gift is designed to make asking for financial support a meaningful and respectful process. Many people are happy to help loved ones achieve financial stability.
Q: How do I make my request effective?
A: Be transparent and specific about how the funds will be used. Share your goal and how their contributions will make a difference in your life.
Q: Can I use A Better Gift for multiple debts?
A: Absolutely! You can create separate requests for different debts or combine them into one comprehensive request.
Q: What happens if I don\u2019t reach my goal?
A: Even partial contributions can help reduce your debt and ease your financial burden. Every little bit counts!